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BlackRock funds provide about $57 million to IQM Quantum Computers ahead of US IPO
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BlackRock funds provide about $57 million to IQM Quantum Computers ahead of US IPO
Mar 29, 2026 10:57 PM

HELSINKI, March 30 (Reuters) - IQM Quantum Computers has

secured 50 million euros ($57.64 million) in venture financing

from funds and accounts managed by BlackRock ( BLK ) to accelerate its

global growth, the Finnish company told Reuters, ahead of its

planned dual listing on the U.S. and Helsinki stock markets.

IQM said in February it was aiming to list its shares later this

year on the U.S. stock market through a merger with Real Asset

Acquisition Corp ( RAAQ ), a special purpose acquisition

company, with an initial equity valuation of around $1.8

billion.

In a separate social media post on Thursday, BlackRock ( BLK ) said

quantum computing represented "the next era of computing".

The additional funding, which is being announced on Monday, will

help the Finnish company scale operations, accelerate its chip

and technology development, and strengthen its market position,

IQM CEO Jan Goetz said.

"It's basically a question of ramping up the commercial

traction to bring us to profitability," he told Reuters.

AT THE CORE OF TECH STRATEGIES

IQM, which sells quantum computers and cloud computing time,

roughly doubled its sales to around $35 million last year and

said it had bookings worth more than $100 million at the end of

the year.

"What we also yet haven't fully tapped into is the whole

field of private data centres," Goetz said, referring to

hardware sales.

"Quantum is at the core of the tech strategies of nations

around the world," he added.

AI and quantum approach problem solving in fundamentally

different ways, Tony Kim, head of the global technology team

within the Fundamental Equities division of BlackRock's ( BLK )

Portfolio Management Group, said in a separate video post.

"AI reasons from data. Quantum reasons from physics.

Together though, they could reshape what is computationally

possible," Kim said.

($1 = 0.8675 euros)

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